NCC close to controlling one of the biggest road builders

Scandinavian construction company NCC, is only a step from taking control of Przedsiebiorstwo Robot Inzynieryjnych (PRInz) ,one of Poland's biggest road construction companies. Yesterday the Swedes acquired nearly a 21% stake in PRInz from individual investment funds boosting its holding to 46%. The exact price of the purchase has not been disclosed. NCC made its first foray to acquire PRInz in December last year by outbidding Exbud S.A. for a 25% stake in the Katowice-based road builder. However, the major shareholder in PRInz is not NCC but National Investment Fund (NFI) No. 8 Octava, which is alleged to own a 50% stake with the remainder of the shares in the hands of PRInz managers. Last year PRInz earned around zl. 343.7 million in revenues, and boast of contracts for a ringroad in Krakow and a stretch of Katowice - Gliwice highway. (Gazeta Wyborcza, page 26) P.S